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Biden Rejoins Climate Fight, Vows Aid as Poor Nations Make Pleas

  • Overseas skeptics question latest U.S. promise to cut carbon
  • Biden announces goal of cutting nation’s emissions in half
Bloomberg business news
Biden Says U.S. on Path to Net Zero-Emissions by 2050Source: Bloomberg
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President Joe Biden brought the U.S. back into the global fight against climate change on Thursday, pledging at an international summit he convened to halve emissions of greenhouse gases by 2030 and double climate aid to developing nations.

Poor countries made clear at the summit that they expect money from wealthier nations in exchange for accelerating their own efforts to curb warming, while China and India stuck to plans to continue growing their own carbon emissions before making any cuts, dismaying environmentalists who say the world remains on course toward catastrophe.